CGX Energy Inc V.OYL

Alternate Symbol(s): CGXEF

Energy Oil & Gas E&P

CGX Energy Inc. is a Canada-based oil and gas exploration company. It is focused on the exploration of oil in the Guyana-Suriname Basin and the development of a deep-water port in Berbice, Guyana. The Company, through one of its subsidiaries, holds an interest in a Petroleum Prospecting Licence (PPL) and related Petroleum Agreement (PA) on the Corentyne block in the Guyana Basin, offshore Guyana. The Company, through its subsidiary Grand Canal Industrial Estates, is constructing the Berbice Deep Water Port. This facility, located on the eastern bank of the Berbice River, adjacent to and north of Crab Island in Region 6, Guyana, is being constructed on 30 acres with 400 m of river frontage. Its subsidiaries include CGX Resources Inc., GCIE Holdings Limited and CGX Energy Management Corp. It is the operator of the Corentyne block and holds a 27.48% working interest. Its Wei-1 exploration well is located west of the Kawa-1 discovery in the northern region of the Corentyne block.

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CGX Energy Inc > Type A

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Comment by Dirksidetrackon Nov 16, 2021 6:48pm

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Post# 34134166

RE:RE:RE:Type A

Yeah back in the days of Westburne Drilling, Sarcee, Thompson, Regent etc. All bought up now. Consolidation. Heck even back in 2004 when oil prices were $25 per barrel over 700 rigs drilling in Csnada. Now with oil prices over $75 per barrel only 179 drilling. Western Canadian basin all drilled out. Only thing left is Arctic, oil sands and shale plays like Montney in Grand Prairie. Oh and deep water offshore Guyana.

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